$40M down the drain?? Well, I guess you need to look at it from the BOD's perspective .... it probably wasn't a bad bet, just missed by a nose, but still, if they want to have a punt, use their own bloody money, and put it on the ponies .... don't go blowin' mine away without asking me...
Ann: Alita Senior Secured Debt Facility Repaid by Administrators, page-49
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